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FY2017 Initial Budget Request

The Ministry of Economy, Trade and Industry

  • The Ministry of Economy, Trade and Industry (METI) will make every effort to further the outcome of Abenomics.
  • The FY2017 total initial budget request amounts to approx. 1.3 trillion yen (11.7 billion US dollars).
  • Diet deliberations will commence following Cabinet approval of the budget draft.

1. Investment toward achieving the Fourth Industrial Revolution

  • Encourage investment in strategic fields such as AI, IoT, robotics, drones, autonomous vehicles and cybersecurity. Provide support for R&D in these fields so that Japan can lead global innovation.

31.5 billion yen (276 million US dollars)

2. Facilitate smooth SME business succession and improve subcontracting practices

  • Provide consultation services and support to SMEs on business successor selection. Improve working terms for subcontractors.

8.6 billion yen (75 million US dollars)

3. Bolster energy conservation investment

  • Promote energy conservation investments for factories, commercial buildings and residences. Specifically, provide support to (i) fully transition to energy-efficient equipment at factories or other facilities, (ii) introduce net-zero energy houses, (iii) demonstrate net-zero energy buildings, and (iv) retrofit insulation in existing houses using energy-efficient building materials.

67.3 billion yen (590 million US dollars)

METI FY2017 Initial Budget Request (Chart)

 

FY2017
Initial Budget Request

FY2016
Initial Budget

Y-Y change

General Account (excl. energy resources special account)

342.0

337.1

+4.9

 

SME support

111.6

111.1

+0.5

Science and technology promotion

101.0

97.9

+3.1

Other expenses

129.3

128.0

+1.3

Energy Resources Special Account

847.4

838.4

+9

 

Energy supply and demand

621.0

649.7

-28.7

Power source development

179.5

175.2

+4.3

Nuclear damage compensation support

46.9

13.5

+33.4

Special Account for Patents

147.2

144.6

+2.6

Total

1,336.6

1,320.1

+16.5

Reference

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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